The EUR/USD bullish bounce at the 1.11 support and double bottom could indicate a failure of the bears to continue with the downtrend. Of course, if a breakout and close below 1.11 occurs today then a continuation towards the next round level at 1.10 is still likely. But for the moment, the bounce could become a larger bullish reversal, especially if price is able to show a new bullish push within a potential wave A (pink).
